Why These Defense Stocks Are Gaining This Week

4. Karman Holdings Inc. (NYSE:KRMN)

Weekly Gains: 10.26%

Karman Holdings Inc. (NYSE:KRMN) specializes in the manufacturing and sale of mission-critical systems for missile, space, and defense programs. The company debuted on the NYSE in mid-February and has since gained 25%.

The stock has surged over the past two weeks after several analysts initiated coverage of Karman Holdings Inc. (NYSE:KRMN) with Buy ratings and impressive price targets that represented a high upside potential. Shares were up 10.26% between March 17 and 24, earning KRMN a place in our list of the defense stocks that are gaining this week.

Last month, President Trump signed an executive order to mandate the process of building an ‘American Iron Dome’, which presents an opportunity for Karman Holdings Inc. (NYSE:KRMN)  to benefit, given its expertise in hypersonic missile defense.